The Hartford 2015 Annual Report Download - page 222

Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
16. Employee Benefit Plans (continued)
F-91
Pension Plan Asset Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Assets Corporate RMBS Foreign government Other fixed income Hedge funds Totals
Fair Value as of January 1, 2014 $ 12 $ 2 $ 4 $ 12 $ 361 $ 391
Realized gains (losses), net — — — — 4 4
Changes in unrealized gains (losses), net — 7 1 (5) 4 7
Purchases 12 3 2 6 219 242
Sales (5)(1)(2)(2)(183) (193)
Transfers into Level 3 20 17 — 7 — 44
Transfers out of Level 3 (5) — — (9)(224) (238)
Fair Value as of December 31, 2014 $ 34 $ 28 $ 5 $ 9 $ 181 $ 257
During the year ended December 31, 2014, transfers in and/or (out) of Level 3 are primarily attributable to the availability of market
observable information and the re-evaluation of the observability of pricing inputs.
There was no Company common stock included in the Plan’s assets as of December 31, 2015 and 2014.
The fair value of the Company’s other postretirement plan assets by asset category are as follows:
Other Postretirement Plan Assets
at Fair Value as of December 31, 2015
Asset Category Level 1 Level 2 Level 3 Total
Short-term investments $ — $ 16 $ — $ 16
Fixed Income Securities:
Corporate — 36 2 38
RMBS — 27 3 30
U.S. Treasuries — 23 — 23
Foreign government — 2 — 2
CMBS — 14 — 14
Other fixed income — 7 — 7
Equity Securities:
Large-cap 41 — — 41
Total other postretirement plan assets at fair value [1] $ 41 $ 125 $ 5 $ 171
[1] Excludes approximately $10 of investment payables net of investment receivables that are excluded from this disclosure requirement because they
are trade receivables in the ordinary course of business where the carrying amount approximates fair value. Also excludes approximately $1 of
interest receivable.